6 Tax Breaks for the 2016 to 2017 Tax Filing Season

It is almost that time of year again….tax season! We have compiled a list of six tax breaks for the 2016-2017 tax season that will lower your taxes due and increase the amount of your refund.  The first topic is Earned Income Credit (EIC). The …

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2020 and 2021 Medical Expense Deduction Income (AGI) Limit

In 2019, the IRS allows all taxpayers to deduct the total qualified unreimbursed medical care expenses for the year that exceeds 7.5% of their adjusted gross income. Beginning in 2020 and into 2021, the threshold amount increases to 10% of AGI. [Source: TurboTax] [Prior year …

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